Obama taking more dividend gains

This topic is locked from further discussion.

#51 Posted by pie-junior (2866 posts) -
[QUOTE="nocoolnamejim"][QUOTE="dave123321"][QUOTE="cslayer211"] So OT political debates have turned into trolling as the opposite party to make them look bad?

Pretty much. In this case Ajax is trying to make liberals look bad in some confused plan of attack

Vuurk did it better.

Oh man, we're going to be viewing him with rose tinted glasses from now on, aren't we?
#52 Posted by laughingman42 (8730 posts) -

[QUOTE="laughingman42"]

[QUOTE="MrPraline"]I am an agent of Dave's as well. #mhmMrPraline

Ban MrPraline!

They tried. Thrice. #angelsonmyside

Impressive. Most impressive.

#53 Posted by -Sun_Tzu- (17384 posts) -

[QUOTE="-Sun_Tzu-"][QUOTE="laughingman42"]

Ban MrPraline!

MrPraline

May Dave grant Praline 72 alts in the afterlife

lmao the fresh, unused alts are the best can take them every which way

Yeah, you don't want them to get too worn down.

I don't think anyone has even touched Pinta Bear in years

#54 Posted by mingmao3046 (2670 posts) -

[QUOTE="mingmao3046"] If they declare income brackets based off dividends, passive income...a lot of clients will be screwed. That's just wrong. Could you imagine living 70 years, busting your balls, and then having the gov't start taxing you out the a$$ on your nest egg?XaosII

Your own article mentions how IRA's and 401-k's are unaffected.

Anyone investing in stocks or dividend stocks are doing so with an inherent risk. One of those risks among many are increased tax rates. Hey, they could've always gone to US Treasury Bonds as safe and secure investments, right? So, no, i dont have much sympathy for someone investing with their money in one of the riskier forms of investment.

That, and the higher tax rate will still only affect those earning over $250,000. Working for 70 years and earning $250,000 from passive income through dividends? I'd still be happy.

So you agree with me that high taxes decrease investments....okay lol
#55 Posted by mingmao3046 (2670 posts) -

[QUOTE="mingmao3046"][QUOTE="EmpCom"] The rich move jobs overseas anyway because labour is cheap as sh*t which in turn saves them money which makes them richerGuybrush_3

and this higher tax will only make things worse

how exactly?

by discouraging people from investing
#56 Posted by XaosII (16705 posts) -

So you agree with me that high taxes decrease investments....okay lolmingmao3046

Nope. Taxes for all investments will be going up. People would still be investing at the same amount either way.

This is the thing all the "taxes hurt job creators" advocates don't understand: Not only has this historyically never been true, but its simply becausse profits are taxed. P-R-O-F-I-T is taxed. It means you are still making money. Higher taxes means you make less, but you are still earning more money than you were before. Business decisions are not made based on taxes, they are made on what brings in profit.

#57 Posted by Guybrush_3 (8308 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] and this higher tax will only make things worsemingmao3046

how exactly?

by discouraging people from investing

Why does this discourage people from investing? What alternative are they going to use to make money?

#58 Posted by mingmao3046 (2670 posts) -

[QUOTE="mingmao3046"]So you agree with me that high taxes decrease investments....okay lolXaosII

Nope. Taxes for all investments will be going up. People would still be investing at the same amount either way.

This is the thing all the "taxes hurt job creators" advocates don't understand: Not only has this historyically never been true, but its simply becausse profits are taxed. P-R-O-F-I-T is taxed. It means you are still making money. Higher taxes means you make less, but you are still earning more money than you were before. Business decisions are not made based on taxes, they are made on what brings in profit.

exactly. But when you make the taxes higher, the risk/reward becomes less. higher taxes discourage investments
#59 Posted by mingmao3046 (2670 posts) -

[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]

how exactly?

Guybrush_3

by discouraging people from investing

Why does this discourage people from investing? What alternative are they going to use to make money?

not investing all together
#60 Posted by moneymatterz (1139 posts) -

Business decisions are not made based on taxes, they are made on what brings in profit.

XaosII

What if, like, taxes take away from the profit margin, though???

#61 Posted by -Sun_Tzu- (17384 posts) -
[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] by discouraging people from investingmingmao3046

Why does this discourage people from investing? What alternative are they going to use to make money?

not investing all together

So what happens to that money then?
#62 Posted by mingmao3046 (2670 posts) -
[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]

Why does this discourage people from investing? What alternative are they going to use to make money?

-Sun_Tzu-
not investing all together

So what happens to that money then?

they save it and dont bother investing in companies.
#63 Posted by -Sun_Tzu- (17384 posts) -
[QUOTE="mingmao3046"][QUOTE="-Sun_Tzu-"][QUOTE="mingmao3046"] not investing all together

So what happens to that money then?

they save it and dont bother investing in companies.

Save it where?
#64 Posted by Guybrush_3 (8308 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] by discouraging people from investingmingmao3046

Why does this discourage people from investing? What alternative are they going to use to make money?

not investing all together

So instead of making slightly less money they are going to choose to lose money? Sounds like a logical conclusion.

#65 Posted by mingmao3046 (2670 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="mingmao3046"][QUOTE="-Sun_Tzu-"] So what happens to that money then?

they save it and dont bother investing in companies.

Save it where?

in the bank or with lower risk, lower reward funds that dont help private businesses. why do you want higher taxes on these investments so bad? to pay for more food stamps?
#66 Posted by -Sun_Tzu- (17384 posts) -

in the bank mingmao3046
What do banks do with the money people deposit with them?

#67 Posted by Guybrush_3 (8308 posts) -

[QUOTE="-Sun_Tzu-"][QUOTE="mingmao3046"] they save it and dont bother investing in companies. mingmao3046
Save it where?

in the bank or with lower risk, lower reward funds that dont help private businesses. why do you want higher taxes on these investments so bad? to pay for more food stamps?

Not likely. Bank rates are lower than inflation, and bond rates aren't that great either. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.

#68 Posted by mingmao3046 (2670 posts) -

[QUOTE="mingmao3046"][QUOTE="-Sun_Tzu-"] Save it where? Guybrush_3

in the bank or with lower risk, lower reward funds that dont help private businesses. why do you want higher taxes on these investments so bad? to pay for more food stamps?

Not gonna happen. Bank rates are lower than inflation. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.

theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy.
#69 Posted by Guybrush_3 (8308 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] in the bank or with lower risk, lower reward funds that dont help private businesses. why do you want higher taxes on these investments so bad? to pay for more food stamps?mingmao3046

Not gonna happen. Bank rates are lower than inflation. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.

theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy.

Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)

#70 Posted by XaosII (16705 posts) -

exactly. But when you make the taxes higher, the risk/reward becomes less. higher taxes discourage investmentsmingmao3046

Why would anyone bother to make more than the minimum amount of money to live? After all, its going to get taxed higher to the work/reward aspect becomes less. Because you still end up with more money in your pocket.

Even if taxes are increased, theres still no better place to put that money since its only going to be profits - money in your pocket - that will end up being taxed.

#71 Posted by mingmao3046 (2670 posts) -

[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]

Not gonna happen. Bank rates are lower than inflation. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.

Guybrush_3

theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy.

Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)

So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?
#72 Posted by Guybrush_3 (8308 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy. mingmao3046

Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)

So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?

You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)

#73 Posted by mingmao3046 (2670 posts) -

[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]

Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)

Guybrush_3

So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?

You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)

The government has a spending problem. Not a "not enough taxes coming in" problem.
#74 Posted by Guybrush_3 (8308 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?mingmao3046

You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)

The government has a spending problem. Not a "not enough taxes coming in" problem.

It's both, and you completely ingored the second half of what I said.

#75 Posted by XaosII (16705 posts) -

[QUOTE="XaosII"]Business decisions are not made based on taxes, they are made on what brings in profit.

moneymatterz

What if, like, taxes take away from the profit margin, though???

Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.

I have a sense that you have ZERO idea how a business works. Let me school you:

Megacorp earns 2 million in profit one year. If Megacorp does nothing, they will pay %35 on that and owe $700,000 in taxes. If Megacorp reinvests 1 million back into their company before the end of the year, they only pay 1 million worth in taxes - in this case $350,000.

A smart business will maximize their profits without regard to taxes, because reinvesting that money is always a better decision.

#76 Posted by theone86 (20555 posts) -

Cool.

You do have to admire the shell game that conservatives have been playing for the past 30 years. Just keep cutting taxes, create bigger and bigger budget deficits and then say we have a spending problem. -Sun_Tzu-

Also this. And their good Santa/bad Santa strategy. Spend like gangbusters on things like defense while they're in office and keep completely mum on the deficit, then when Dems take office make spending and the defecit the biggest issue on the face of the earth.

#77 Posted by -Sun_Tzu- (17384 posts) -

[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]

You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)

Guybrush_3

The government has a spending problem. Not a "not enough taxes coming in" problem.

It's both, and you completely ingored the second half of what I said.

You do have to admire the shell game that conservatives have been playing for the past 30 years. Just keep cutting taxes, create bigger and bigger budget deficits and then say we have a spending problem.
#78 Posted by dave123321 (34436 posts) -
[QUOTE="nocoolnamejim"][QUOTE="dave123321"][QUOTE="cslayer211"] So OT political debates have turned into trolling as the opposite party to make them look bad?

Pretty much. In this case Ajax is trying to make liberals look bad in some confused plan of attack

Vuurk did it better.

Don't be delusional
#79 Posted by comp_atkins (32166 posts) -
[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?mingmao3046

You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)

The government has a spending problem. Not a "not enough taxes coming in" problem.

it's both.
#80 Posted by moneymatterz (1139 posts) -

[QUOTE="moneymatterz"]

[QUOTE="XaosII"]Business decisions are not made based on taxes, they are made on what brings in profit.

XaosII

What if, like, taxes take away from the profit margin, though???

Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.

I have a sense that you have ZERO idea how a business works. Let me school you:

I lol'd

#81 Posted by HoolaHoopMan (7917 posts) -

Do you think anyone here is going to care unless it affects them personally?

moneymatterz
Just sit back and praise Jesus.
#82 Posted by surrealnumber5 (23044 posts) -
[QUOTE="dave123321"][QUOTE="ZombieKiller7"]

Obama is a disaster.

Libs won't learn until the western world collapses under its own weight.

Sad but true

#83 Posted by surrealnumber5 (23044 posts) -

[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]

how exactly?

Guybrush_3

by discouraging people from investing

Why does this discourage people from investing? What alternative are they going to use to make money?

the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.

#84 Posted by comp_atkins (32166 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] by discouraging people from investingsurrealnumber5

Why does this discourage people from investing? What alternative are they going to use to make money?

the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.

clothing factory workers in bangladesh are thankful for that.
#85 Posted by Guybrush_3 (8308 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="mingmao3046"] by discouraging people from investingsurrealnumber5

Why does this discourage people from investing? What alternative are they going to use to make money?

the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.

So you think wealthy people are just going to up and move to thailand in droves? Sounds unlikely

#87 Posted by Ace6301 (21389 posts) -

[QUOTE="XaosII"]

[QUOTE="moneymatterz"]

What if, like, taxes take away from the profit margin, though???

moneymatterz

Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.

I have a sense that you have ZERO idea how a business works. Let me school you:

I lol'd

To be fair you've been wrong in pretty much everything you've ever said that we here on Gamespot can observe so I can't say I blame him for that assumption...
#88 Posted by moneymatterz (1139 posts) -

[QUOTE="moneymatterz"]

[QUOTE="XaosII"]

Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.

I have a sense that you have ZERO idea how a business works. Let me school you:

Ace6301

I lol'd

To be fair you've been wrong in pretty much everything you've ever said that we here on Gamespot can observe so I can't say I blame him for that assumption...

Let's be honest. I've been pretty spot-on about the nature of Liberalism and its adherents, in this thread and many others.

#89 Posted by surrealnumber5 (23044 posts) -

[QUOTE="surrealnumber5"]

[QUOTE="Guybrush_3"]

Why does this discourage people from investing? What alternative are they going to use to make money?

Guybrush_3

the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.

So you think wealthy people are just going to up and move to thailand in droves? Sounds unlikely

The world is not broken down into united states and Thailand, but believe what you want. if i had a few mill i would move to the Republic Myanmar, they have recently opened up (2010)and back before it became a series of military dictatorships, it was the riches Asian country. there is more money to be made there than anywhere here in America or Europe as far as investment opportunities are concerned and the list does not end with them.

#90 Posted by AdamPA1006 (6420 posts) -

Where did all these conservatives pop up from? Anyway my argument when raising this and capital gains taxes....what about the beloved old people who both sides shameless try to pander in any way possible. A lot of old people and retirees get that from investments.....so raising taxes on that leaves them with less money......

#91 Posted by surrealnumber5 (23044 posts) -

[QUOTE="surrealnumber5"]

[QUOTE="Guybrush_3"]

Why does this discourage people from investing? What alternative are they going to use to make money?

comp_atkins

the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.

clothing factory workers in bangladesh are thankful for that.

your boys battery company A123, that got a huge bailout, was just purchased by china. so if you dont care about heavy industry or consumer product industries, do you care about producing anything or do you think people will just let america print and buy forever without anything in return?

#92 Posted by Ace6301 (21389 posts) -

[QUOTE="Ace6301"][QUOTE="moneymatterz"]

I lol'd

moneymatterz

To be fair you've been wrong in pretty much everything you've ever said that we here on Gamespot can observe so I can't say I blame him for that assumption...

Let's be honest. I've been pretty spot-on about the nature of Liberalism and its adherents, in this thread and many others.

Well at least you don't contest that you're wrong about everything all the time.
#93 Posted by Yusuke420 (2770 posts) -

Where did all these conservatives pop up from? Anyway my argument when raising this and capital gains taxes....what about the beloved old people who both sides shameless try to pander in any way possible. A lot of old people and retirees get that from investments.....so raising taxes on that leaves them with less money......

AdamPA1006

It's only higher taxes on income over 250k any income up to that point will still benefit from the bush era tax cuts. So for example if you have 1 million in cap gains, only 750k of that will be taxed at the new rate. Most retirement portfolios aren't worth this much money, but it's not the drastic change so many want to proclaim. It's like winning the lottery and then complaining that you have to pay taxes on that money, how can you miss what you never really had in the first place?

#94 Posted by SpartanMSU (3440 posts) -

[QUOTE="moneymatterz"]

[QUOTE="XaosII"]Business decisions are not made based on taxes, they are made on what brings in profit.

XaosII

What if, like, taxes take away from the profit margin, though???

Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.

I have a sense that you have ZERO idea how a business works. Let me school you:

Megacorp earns 2 million in profit one year. If Megacorp does nothing, they will pay %35 on that and owe $700,000 in taxes. If Megacorp reinvests 1 million back into their company before the end of the year, they only pay 1 million worth in taxes - in this case $350,000.

A smart business will maximize their profits without regard to taxes, because reinvesting that money is always a better decision.

Lol no.

#95 Posted by comp_atkins (32166 posts) -

[QUOTE="comp_atkins"][QUOTE="surrealnumber5"] the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.

surrealnumber5

clothing factory workers in bangladesh are thankful for that.

your boys battery company A123, that got a huge bailout, was just purchased by china. so if you dont care about heavy industry or consumer product industries, do you care about producing anything or do you think people will just let america print and buy forever without anything in return?

the clothing factory burned to the ground, over a hundred people died because there were not proper exits in the building. i was being sarcastic :P
#96 Posted by XaosII (16705 posts) -

Let's be honest. I've been pretty spot-on about the nature of Liberalism and its adherents, in this thread and many others.

moneymatterz

Let's be honest. You've been acting like a child, so i've treated you like one. Its only fair.

#97 Posted by GIJames248 (2176 posts) -

What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.

#98 Posted by Guybrush_3 (8308 posts) -

What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.

GIJames248

flat income taxes are a terrible idea. How do people not understand this?

#99 Posted by GIJames248 (2176 posts) -

[QUOTE="GIJames248"]

What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.

Guybrush_3

flat income taxes are a terrible idea. How do people not understand this?

Isn't everyone getting the same military protection, used of the roads, and legal process as everyone else?

It seems pretty common sense to me. It's not like everyone is paying the same amount of taxes.

#100 Posted by Guybrush_3 (8308 posts) -

[QUOTE="Guybrush_3"]

[QUOTE="GIJames248"]

What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.

GIJames248

flat income taxes are a terrible idea. How do people not understand this?

Isn't everyone getting the same military protection, used of the roads, and legal process as everyone else?

It seems pretty common sense to me. It's not like everyone is paying the same amount of taxes.

It only seems common sense because you don't understand how the economy actually works.